Social networking giant Facebook is planning to launch an online money transfer service. The company is currently awaiting approval for the introduction of electronic money transfer services in Ireland. Reported The Financial Times. There, through this service called ‘e-Money’, people will be able to deposit money in their Facebook account and give it to others.Facebook is in talks with three money transfer startup companies in London to expand its e-money service. These are Transfer Wise, Money Technologies and Azimo.
Of course, in this case Facebook A spokesman for the company declined to comment when contacted.
This is not the first time that Facebook has announced plans for an online money transfer service. Such news was also heard early last year. Let’s see when this rumor ends.
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